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New or used?

I am looking to buy a car, but i can't decide to buy new or used? EVERYONE at works says buy used, 3 year old car can cost 40% less but a new car i will lose 20% of the value as soon as i drive it off the forecourt. Would i be better off buying the new fiesta with the 20% off the 1.25 zetec or a used 1 or 2 year old car?

Asked on 18 February 2012 by Ant-w

Answered by Honest John
A new car at 20% off reduces the three year depreciation to 20% and gets you a new car that is less likely to go wrong with new bits like tyres and brakes that don't need replacing.

Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.

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